Boeing's 2Q profit falls 19 percent
AP , Pittsburgh: Jul 23 2008
Made Popular Jul 23 2008

Boeing Co. says its second-quarter earnings fell 19 percent as lower costs failed to offset a previously disclosed charge of $248 million related to a defense program.

The Chicago-based airplane maker says it earned $852 million, or $1.16 per share, for the three months ended June 30, compared with $1.05 billion, or $1.35 per share, a year earlier.

Revenue remained essentially flat at $17 billion.

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